So you have your assessable income and allowable deductions all sorted out & want to lodge your return ASAP but your private health fund has slowed things up. So when will BUPA, AHM, Defence Health, Navy Health, CBHS, Westfund, HCF, Australian Unity, Medibank et.al have your tax statement for 30 June 2020 available?

START OF FINANCIAL YEAR TAX PLANNING 2020/21

Dr Adrian Raftery, principal of Mr Taxman and author of 101 Ways to Save Money on Your Tax - Legally! 2020-2021 edition (Wiley, May 2020, AU$25.95) shares with us excellent tips for you to action and maximise your tax refund next year.

TEN TAX CHANGES TAKING EFFECT FROM 1 JULY 2020

The only constant about tax is change. Dr Adrian Raftery, principal of Mr Taxman and author of 101 Ways to Save Money on Your Tax - Legally! 2020-2021 edition (Wiley, May 2020, AU$25.95), provides us with some of the tax changes coming into play from 1 July 2020.
If you earn money overseas then it is well known that when it comes to your annual ATO tax returns, all foreign overseas income must be reported in addition to your domestic income.
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comments-rhsLatest Comments

  • "Hello Taxman! I invested in BTCUSD trading using MT4 trading platform using a broker in HongKong. I am a Australian resident for tax purposes. I used to trade only 2-3 times a month. I made profilts..."

    By: Santosh at Aug 09, 2020 4:05AM

    Post: Foreign currency trading

  • "Hi Mrtax I’m a sole trader with an ABN, I work for myself as a Nanny. Would my home be considered my place of Business/work, where I then travel to my clients home to care for the..."

    By: Jessica at Aug 07, 2020 11:41PM

    Post: Claiming car expenses

  • "No you can't James. The limit of 5000km per year applies to your car not the number of different income activities that you have. So if you claim 5000km against your employment, no cannot claim any..."

    By: Mr Taxman at Aug 07, 2020 12:08AM

    Post: Claiming car expenses

  • "Hi i am on salary and wage and also have a business. I am required to use the same car for both sources of income and have travelled well in excess of 5,000kms each for both. Am i able to claim..."

    By: James at Aug 04, 2020 2:34AM

    Post: Claiming car expenses

  • "Hi, Very informative post and really appreciate the effort you put into it. Every one now a days is trying to gather more information about Forex trading."

    By: Vantagepointx at Jul 29, 2020 6:08AM

    Post: Trading via self managed super fund (SMSF)